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Beyond the Bottom Line: Are You Ready for Retirement?

“Often when you are at the end of something, you’re at the beginning of something else.” These wise words were spoken by Fred Rogers, the beloved host of a children’s television show who was better known as “Mr. Rogers.” He passed away in 2003, but not before teaching kids of all ages the importance of kindness, personal responsibility and making the best of whatever comes their way. 

And that goes for retirement, too. 

If you’re like a lot of people, you’ve been carefully planning for retirement. You’ve been saving, working with your financial advisor to make strategic decisions and watching your bottom line so you’ll be ready when the day comes. 

But what if it’s not all about your bottom line? 

What if a happy retirement depends on your finances as much as it does other factors, such as health, vitality and vigor of your social life? 

Are you as prepared for these aspects of retirement as you are the finances? If not, here’s a look at three things you can do today to prepare for retirement that have nothing to do with your bank account’s bottom line: 

1. Get Healthy

It’s been said that without your health, you have nothing. And while this saying may not be 100 percent factual, it’s pretty accurate. 

If you’re not healthy, you’re at greater risk for both illness and injury. And nothing can put a damper on your retirement plans quite like debilitating disease, a broken leg or chronic medical problems. Even one of these issues can wipe out all of your energy, time and money. 

So get healthy before you retire. 

Go see your doctor. Start exercising. Drop those pounds, eat right and make sure any unchecked health issues are taken care of while you’re still working (when you have health insurance that’s likely to be less expensive). 

2. Find Purpose

When you retire, you’re not just leaving your job behind. You’re walking away from a lifestyle–and that can be difficult. 

Unless you find purpose. 

Have you given any thought to what you want to do during your retirement, once you no longer have to wake up at a certain time, be somewhere by a certain hour and devote at least 40 hours a week to work? 

If not, you’re going to want to wrap your head around what you want to do, because people who have purpose are happier. Find a hobby. Write that novel you’ve had kicking around in your head for the past 40 years. Volunteer. In fact, a 2019 study showed that seniors who volunteer reported improved health and a lot less depression. 

Find a purpose and you’ll be more likely to enjoy your retirement. 

3. Socialize

Over the course of a long career, you’ve probably met a lot of colleagues who double as friends. You work together, go to happy hour together and eventually socialize together outside of work functions. 

Don’t stop once you retire. 

No one enjoys isolation. So why not start expanding your social network before you retire. It’s easy. Just cultivate relationships outside of the work environment. Join a group. Volunteer. 

Whatever you do, stay connected to others. 

Are You Ready for Retirement? 

Money. Health. Purpose. Friends. 

They add up to a rewarding retirement–and the experts at BD Financial Concepts are available to help. Connect with them today if you’re ready to start planning for every aspect of retirement. They can help make sure you have the money you need to enjoy a rich retirement.